REGISTERED COMPANY NUMBER.. 08032671 lÉngWnd and WalMI
REGISTERED CHARITY NUMBER: 1148689
CTU COMMUNITY PROJECT
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 MARCH 2025

CTU COMMUNITY PROJECT
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 W4R¢H 2025
Pag8
R•f*r*nc• and Adrninistrative Details
Report ofthe Trust••s
2to7
Independ¥nt Examirtrfs Report
StateThnt of Finan¢wl A¢tiwb'¢s
stst•rnnt of Financsal Posrtion
10
Notss to th8 Flnandal Stst•m•nts
11 to16

CTU COMMUNITY PROJECT
REFERENCE AND AMINISTFiATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
R•ol•t•r•d Company nurnbor
08032671 IEngl•nd and Wales)
R•gl•t•rnd Charlty numb•r
1148689
R•gl•t•r•d offlc•
Collectiv• AUCt￿n Rocyns
5.7 Buth Str*t
London
NW1 8NJ
TrU#ts￿D1r•¢lQrn
S W B Pitkoathloy
C A S￿ard (Resigned on 12 Febwary 20251
D L Thomas
M Sagar
W Fulford
R Terry
Ind•p•ndont •xamlnor
John Howard FCA
Azets Audit SeNic8s
2na Floor, R•gi$ Hou
45 lfjng Willkim Stre8t
London
EC4R 9AN
Page I

CTU COMMUNITY PROJECT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trusts•s who also director5 of the charity for the purpose5 of the Companies Act 20(6. present their raport with
thè financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the prov1510ns of
AC￿unting and Reporting by Charrti•s. Statament of R8cofflrnended Practice applicabb to charitEs prepanng their
accounts in accordan￿ wrth Ihe Finana81 Rèporting Standard applicable in the UK and Republic ol Ireland IFRS 1021
(effecti￿ 1 January 20151.
OBJECTIVES AND ACTIVITIES
The obiÈdives of the chanty are principally the promotion for the public benefit ol urban regèn•rthon in areas of 5wial
and economi¢ deprivation land in particular within the London Borough ol Camden). The trustaes confirm that they have
referred to the g￿Kjan￿ contained In the charity cornm15sion's gener81 gukYa￿e on puNic beneft when r•vi•wing the
charity'5 aims and Obje￿1¥?5 and in planning fvI￿re activities.
CTU Community project ICTUCPI was established to providè cent￿S for bu$in¢$$ hot-desking space and lease empty
shops to give people have pcp up shop id¢a$ an cyporttjnty to trade.
Maln actlvltleB to further publ1¢ ￿n*fit
CTUCP'S main activity is providing free hot-d•skirKJ spacè and subsidised private oftK85 for start-up businesses in
Camden, this prowdes a range of b8neffts'.
Buslness Crgatyon: the support provided by CTUCP. not only through business Spa￿ but also training and
¢ollaboralion opportunrties allows start-ups to •XP8rment with th￿"[ bu5in&ss mod¢l, push for grovrth, and become
viable. mature businosses more quickly.
Job Cmtlon.. the growth of these businesses creates new jobs. rwjuang unemployment 8nd ddiwring
sockg18nd e¢{￿orni¢ uplift to the area Many CO1￿ctIVe businessos also offer wort( eXP8ri8nc& to young FEopIe.
Building oceupan¢y benefits.- bringing blighted and disused buildings into use brings fcx)ttall to underused
areas. incre8sing tumover for thal retsilers and reducing cnrne through passive crime defencÈ
Bu$lne9s 8pa¢e ¢reatlon. London's businèss spaee is under pressu￿ due to the increasing value of
residential units and legislation making the conv8r510n of Offi￿ space lo re5hYential more attracbve. CTUCP
provides busines5 sp8ce. not only nurtunrg the groth ol innovatswe start-ups but also supporting existing SMES
In planniro CTUCP'S acts"vitses for the year the trustees kept in mind the Charity Commissions guidance on benefit
at trustee meelirKJS.
Th8 prcynobon for t1￿ public tenefit of urban regeneration in a￿8$ of social an¢J economic d8privatitsn laThJ in particular
within the London Borough of Camdenl by all or any ol the following maans.
the ￿l$ef of p)verty".
the rel+ef of unemployment".
the advancement of èdueation. trainin9 or retraining. particularfy among unemployed people, and providiThJ
un8rnpIoy8d people wth work experience,.
the provision of finanual assistance. technical assistance or business advicè or e¢nsultsncy in order to ProvKJe
training and employment opportunities for un*mploy8d poople in rA5es of financia1 or other charitable need
through help
In sethng up their own business. or
to gxisting businesses..
the creation of training and ernployment opportunth.es by the provision of workspace, buildings. andlor land lor use
on lavourable tenns".
such othor mean5 a5 rnay trorn twne to b.rne be deiermined Suth'ect to the prior written consent of the chathy
eommission. and together with the pursuan￿ of such other chantable purposes consistent with the above as the
trustees in their absolute discretion shall deterniine
In
Page 2

CTU COMMUNITY PROJECT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES- cont1n￿d
Sltort and long.tgnn alms and oblecthies
In the short term CTUCP continues to offer I￿ & subsidised businèss sp8ee to start-up businesses. CTUCP'S long-
temi goal Is to creatè a lunding package to socure permanent 5pacelsl, anchoring an investment that can ¢ontinue to
provide soa81 outputs. repay 8ny investrnenls and provKle capital for fvlure chantable works.
ACHIEVEMENT ANO PERFORMANCE
Summary of maln ¥chlevtrnènts of th? charfty
Collective Aucb"on Rooms" CTUCP continues to operate a xworkirvJ space in the heart of Camden Town
CTUCP has begun occupathon of thè vacant Hawley Infants School, ad18￿nt to Collectr've Auction Rooms. It
prtsvidès current Golloctivg rnembers with additional hotdesking. breakout and outside sp%a, and olfers free fixed
desks to ¢limate-tech start-UP5.
CTUCP has also begun to opèratè in thè vacant car8takers house adjacent to Hawley Infants School.
CTUCP has undèrtaken an upgrade of its CRM and streamlined its onboarding processes, allowing t*tter tiacking
of the Collectivè membershlp and a 'collaboration datsbase, to allow members to better find each othèr.
Slgnlllcant charltable aG￿VItI0$
CTUCP continue to run Coworking spacès in the heart of Camden Town. Research into C3, CTUCP'S long-krrn ambib'on
to secure a pemanent Collactivè space wntinues, along wth negotiations lor CO1￿ctIVe Spa￿ In new proterty
developrnents
A¢hlevements agalnst obl•etlv•s
Thè new Collective CRM, and a 2024 mgmbership su￿eY found the following oulputs over the year.
312 job5 created
475 Work pla￿￿ents created
£13.3m capital raised by ColleCt￿Ve 5tart-UP5
£1m annual spend In Loeal busin855e3
Perforniance of materlal lundral$lng actlwttles
CTUCP is In a surplus buikjing phase, iaising eapital for future buiklirvJ renovation works. CTUCP contsnutr$ to
investsgate grants for project
Inve8tm•nt performan¢• agalnst oble¢tlve8
CTUCP ￿COrdS rts perfom)ance based on ihè wrfomancè indicators used in its grant-fvjnded stage as wall as its
charitsbb otl'ectives.
Effect ol expendIlu￿ Incurred to ral$? In¢omo In future
To date preparation for future funditvJ has reqUI￿d no expenditure asde from stsff tirne.
Impact reportlng
CTUCP continues to use the perf0rnan￿ indicators arising from the several Yea￿ It was fundad aThJ monitored by the
GLA. Catnden Cour¢il 8ThJ Camden Town Unlimrted.
P8ge 3

CTU COMMUNITY PROJECT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENT AND PERFORMANCE- ¢ontinued
Summary of Measur￿lIndI￿rn used to assès¥ perfornonce..
Outputs
Public Realm
Improvgmgn¢s Im21
Dèfini¢ions
Verification
Improved. significant Improvern8nt in the Architect drawi￿$ demonstrating the
quality of the built environment through area Improved Itefore and aftèrl and
Improved use of spaTr, urban design and Invoices and contracts to dam()nstrats
improved quality ol materials used. Could work has been tomm15sDned and
be linked to m•asurernent of time completed. Tho designs should be
savings. reductions in road safety supplied as part of invo￿n9.
Incidents. increased perctspt￿n ètc New.
Spa￿ which was prev￿U$1Y not for public
use which Is transfotrned into paVe￿￿nt,
road. street furniture & park area.
overs all funding committed to Mayoral Value of other funding attracted to the
prqects or programmes. Two typgs target area In addth.on to GLA
recorded indu(*". 11 Direct match in the funding ++Gross
funds
spent
Grant Agreemgnt and monito￿￿ as parf complèted sCh￿ule signed by Finance
of the project ouarterfy claims", 21 Match Director. validated by rsceipts.++ln
committed to a programma or area- kind contribub.ons
all ¢ontributions
based inteNenbOn where there is a should be convèrted to cash and
seftes oftcKllplemenlary investrnents.
signèd off by FIna￿e Diraetor.
Validated as above by reegipts. time
sheets. invoices.
Ngw - should not have èxisted in the Buslne88- namè. addre35, Postcode.
London borough or Ihe employer before telephone number, ownership and
the snteNention Pernianent
should nUrn￿r Ofe￿￿oyee$.
have a life expectancy of at least 26 wk3.
FTE- 35hrs or mor8 ￿rWk.
Value of match
fundln91£l from
partn•r bOd￿S a$ •
rèsult of GLA
Inve$tmgnt
No. ol jobs er•ato11
Job . tiue of the new OT attracted job.
contract of employment with expect•d
start dat8. hours of wo￿.
Letter or fom signed by èmployer to
confimi jobs are as a Mult of the
project
To avoid double counbng, a job rnust not
be counted again if rt is Illéd over lime by
different peoplé.
Safoguarded jobs li.e. those that may
have been lost without the intervenbonl
are not incl￿ed
Posi1￿￿5 created before the start of the
current Mayoral terni are nol to be
included. even rf they 8re recorde(l as
a¢hEved after the start of the May￿al
temi Ilor example referring to outcomès
recorded after 26 weeks)
Must be a permanent, FT equivalent job Buslne8s- name, add￿$$. p05t cc#Ye.
which is at risk when ttte project is telephone number, contact datsils,
approved At risk is d*finad as teirrtJ ownership, numbèr ol èmployees
forecast lo be lost nomalty wthin one
year li.e must be specified or if the Safeguarded-job tille, contract Of
secttsr Is in longer tem dedine a longèi employment and durats"on11 year of
peri(Kl might be appropriatel.
longer), hours of work (for FFE
Cakulalionl
No. of jobs
safgguardgd
A ￿tter trom ètnp5oyer or fom at end of
project confirming that safeguarde(I job 15
85 a result of project.
Pag8 4

CTU COMMUNITY PROJECT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENT AND PERFORMANCE-continued
Summary Of mea8ure811ndlcators us•d to a¥se¥¥ performance. Con￿nU
Outputs
Increase In busln•s8 turnover
Definitions
Verificatlon
Increased financial tumover can be Annual audited bu$ine5s accounts, vi8
defined as the volume of a bLtsiness Cc¥np8ny House.
output in temis of profits over a giv8n
number of years or period of time
In¢￿ase In wsitor satisfaction
In the target area over agreed
period.
Also known as People Countirvj or
Shopper Counbng. as the
méasurement of the number ol pgoplg
entering passing a certain location or
eniering a shop or shopping rnall. An
Increase In foolball is measure from the
baseline position over a penod of timè
ornpared to another survey aftèr an
expected change or trènd ha5 tsken
pla￿.
Vacancy r8te5 are statrsts'cs kept on
vacanoes in rental properties. hom8s
for sale. and hotels. High vacancy rates
are usually y￿&d as 8 51gn that the
m8rk8t is struggling, while low ratès are
desirabte. because they Indicate that
property Is a hot comm(KJity and that
vacanaes raraly rèmain unfilbd for very
long.
A job with an accompanying skills
development programme destgned by
employers in the sector. Allowing
apprentice to gain tathnical know￿dge.
real practical experien￿. wilh
functional and personal skills.
In¢rea8e In vlsltor satisfaction
Start and End Surveys of town cantre
users
al start of deliwry (baseline
p0s￿OnI and at end
Survey count venfication comparing
basèline position at N¥0 particular
locations where peO￿e a￿ expected to
pass or enter and a nèw survey count
at a diffe￿nt ts.ma 01 date.
InCr•a￿ In footlall
R•duetion vorAn¢y r•te
Consulting
census
90vemment offices.
data.
local
New apprenti¢e8hlp starts
Narn? or employee number, details 01
previous employment lor
worklessnessl. employeg start date,
app￿nticeshIp start date lif diffe￿nI),
P05tccée, date of birth. gen¢er, ?Ihnic
origin. disability, cnminal convictions.
job b'tle. details ol appr8ntice5hip
frarnework. level, provider of
apprenticeship
Apprenticeships can b• counted only il
they represent a new post in
company.
An existing post In a busines5 replaced
by an apprenticeship post ¢annol b8
recorded
An architect's floor plan draW￿n9$
showing floor space area
New or Improved comm•rel4V
businoss space Im2}
New or upgrad•d: new butldings
constructed a5 part of the project.
refurfoished. irnproved or adapte(I lor
productive use as part of th& projèct.
C¢)py of completson cèrtificatg to
demonstrate woths undertaken.
Improved.. Actual floor spa￿ or
polenty'al marf(et Valua has tEen Surveyor reports frcrn pre and post
increased
by
some
physical completion of Works.
irnprovement
Pagè 5

CTU COMMUNITY PROJECT
REPORT OF THE TRUSTEES
FOR THE YEAR ENOED 31 MARCH 2025
ACHIEVEMENT AND PERFORIAANCE- continued
Slgnlflcont poshlve and negatlv• faetors within and outslde control
The m05t significant negative factor outside of CTUCP control Is the acquisi*on and ietgntion of empty buildings CTUCP
occupies disused and blighted buildings that generally have short lèase5 Mitvjating this is CTUCP nèw strategy ol
acquiring longer term spaces in new developments as part of the developer's section 1(b contributions. BaseKX was a
pilot of this model, and CTUCP has s8Gured another pernanent space In an upcomiTra Gamden development. Talks with
other develyrs a￿ ongoing
FINANCIAL REVIEW
During tt)e year the company made a Surplus ol £93,25512024." dèficit £182.5441. Collectr've has introdu¢ed a serwe
charge for Its larger mornbers. income frorn this is used to fund CTUCPS Iree hot4esking offer and build reserve for
ture rentsvatsons.
Re8er¥e8 Polocy
CTUCP currently holds unrestricted reserves of £332,321 12024." £239.CE61. Its transition from grant-lunded to sell-
sufficièncy has resulted in M(￿lficatIon of its reserves policy
Flnanclal eff•cts of 8lgnlficant events
Issues with acquisition of new Sp￿ is mitigated by th* capital CTUCP has begun to raise from service charge income.
which would allow it to ￿Trt on a commercial basis if required
Inveslment pollcy and obj•ctlve8
CTUCP may Invest funds appropnately in lire with its charithls tsbjtctives.
Prlnclpal r18k•
Acquisition of buildings". the nature of CTUCP'S work means that thè latgest risk is the acquLSltion of
disusedlblighted buildin9s as pemous CTUCP spacès are lea58d commer¢ialty or demolished. CTUCP.
exploration of longer-terrn, purpose-built space In new developments reduces ils ￿lIan￿ on d1sU￿d build1ngs.
and th8 Capital raised rental Inccme could. if required. be used to lease ￿MMe1claI spacR, maintaining the
pro1￿1.$ momentum as sitè5 are sourced
CTUCP'S dose associath.orn with Carnden Town Unlimrted BID means thal rt can continue to usa CTU staff in4ind
contnbLrtions and. If required, difect fundiNJ to maintain rts (¥)erations and mornentum.
Fo¢tors affecting financial ￿rformanc0 golng fOr￿Id
Meanwhile projects using temporary space5 requi￿$ fiexibilty but wrthin these parameters Ihe charity forecasts and has
had an inmasin9ly stronger financial outtook going fO￿ardS.
Principal fundlng sourc
The charity has Iransthonad into $d1-sUff￿￿nCY the Ser￿￿ charge applied to estsNiqhed Collective mèmters
Pa￿6

CTU COMMUNITY PROJECT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDEO 31 MARCH 2025
FUTURE PLANS
CTUCP Is currently operats'ng Collects"ve AuctR)n Room$. and Collective Infants Schod but the priority remains identifying
and ￿h1￿1$hing new sitelsl to maintain Ihè momentum CTUCP has built up over its yèars of operation.
Collectsve has been mnning free co-working space since 2009 and has occupied 19 buildings in that b'mg. The
èxperignce gained durin9 this tsme has allowed CTUCP to refurbish buildings at minim81 ¢osts, providing only thè
features most important to start-up and mitrts businesses.
STRUCTURE, GOVERNANCE AND ￿NAGEMENT
Govemlng document
The chanty is controllad by ils governin9 docurnent. a d88d of trust, and CO￿trtY￿S a limited company, limrted by
guarantaè. as defined by the Companies Act 2006.
R•crulkn•ntand appolntmtnt of ngw tru8tse8
The Trustees a￿ entiued tts appoint new Trustees subject to th• approval of the rnernbers
The Tntstee5 who severed during the wholè period frorn 1 April 2024 to the dats ofthts rèport werg.
S W B Pitkeathley
C A Seward IR8signed on 12 February 20251
D L Thomas
M Sagar
W Fulford
RJTerry
Organisational $tructur•
Flat. wrth one member ofstaff with additwal Camden Town Unlimited staff support
Induction and tralnlng of new trusts
There is a process 01 induction for new trustsès which indudes meetings with current trust•8s and the prowsion ol key
infomatKJn.
R•lat•d parti•$
Thè Chanty is conne¢Xed to Camden Town Centre Limited (Camden Town Unlimited or CTUI as Carnden Town Centra
Limitsd is the sole member ol thè Charity. The principal activity of Camden Town Un1imttgd is the operation of a BID
Managernent Company delivering 8 business irnprovernent dBtrKt in Camden Town.
This report has basn prepar&J in acwrdance wrth the $￿e181 PfQVi%K)n$ of Part 15 of the Companies Act 2006 relatirvj to
small companies.
0511112025
Approved by order of the board of trustèes ¢n .
8n¢J signad on 1ts beha￿ by..
S W 8 Pitt(eathley- Dir8ctor
Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
¢TU COMMUNITY PROJECT
1nd9￿D￿nt oxamln•r's report to thè tru8t•o8 of CTU Cornmunlty Prol•ct I'the Company'l
I report to the charrty trustees on my •xarnination of the aw¢)unts ol the Cornpany for the y•ar ènded 31 March 2025.
Responslbllfjt￿# and basis of report
As the charity's trustees of ttte Companylond ¥lso its dire¢lors for the purposes of company lawl you aré respons0￿ for
the prepaiation of the accounts in acc¢rdan￿ with the requi￿rnents ol the Compani•s Act 20061'the 2Q16 Act'l.
Having satisfied myself that the accounts ol the Company are not rèquir&l to be audited under Part 16 of th• 20C6 Ad
and are eligible lor Indewndent exaTninab'on. I rgport in respect of my examination ol your charity$ accounts as carried
out under section 145 of the Charities Act 2011 I'lhe 2011 Acri In carrying out my èxamination I have foll0v￿ th•
Dir*ction5 given by the Charily Commissithi under section 145151 Ibl of t1￿ 2011 Act.
Independent oxamin•ls statèmont
Since your charity'5 gross income ex￿eded £2SO.000 your examiner must be 8 rnernber of a listed body. I can confim
that 18m qualifi•d to undertake the examirtation becaus& l am a règist¢rèJ rnember ol ICAEW which is of tha li$ted
bodies
have complètad my wamination. I confimi that no matters hava come to my attention in connection wlth the
examination giving me cause to beI￿ve..
accoun*ng records were not kept in respect ofthe Company as Nuired by sethon 386 ofthe 2￿￿ Act.. or
the accounts do not accord wilh those records". or
thè accounts do nol comply with the accounting requirements of se¢tion 396 of the 20[￿ Act other th8n any
requirernent that the accounts gw• a truè and frdir view which is not a matter considered as part of an
independent examination, or
the accounts have not been prepared in accordan￿ wrth tha m6thod5 and principles of the Statement of
Recommendèd Practi￿ for accounting and ￿pOrting by d)arth"es applicable to charities prepariro their accounts
in x¢ordance with the Financial ReportiNJ Standard ap￿ICable in the UK and Republic ol Ir•land IFRS 1021.
I have no cOn￿rn$ and have Come acr0$5 no other Matters in connection with the èxamination to wh*ch attention should
bo drawn In this r8Wrt in order io enable a proper understancling of thè acetsunts to te reached
John Howard FCA
Az&ls Auclil Servi
Chartered Accountants
2rt Floor. Rè3is Hguse
45 King Wllliam Street
London
EC4R 9AN
Page 8

CTU COMMUNITY PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENOITURE ACCOUNTI
FOR THE YEAR ENDED 31 ￿RCH 2025
2025
Unr•*trl¢t•d Ro•trl¢tod Total fund•
fund
fuftd
2024
Totsl fvnds
INCOME FROM
Charitable activIt￿S
Investsment incomè
Othar In¢ome
368.215
3,658
368,213
3,556
38
287,295
5,111
Totsl
371,807
371,t07
292,4C6
EXPENDITURE ON
Charltsbl• o¢tlvltlo•
Th• Coll*¢tive Projoct
278.562
474,950
NET INCOMEII£XPÉNDITUREI
93,266
.256
1182,5441
RECONCILIATION OF FUNDS
Totsl fund• brouoht fornwrd
239,066
18.024
436,634
TOTAL FUNOS CARRIED FORWARD
332 321
254,090
Th• not¢s lo￿ part of these financial statsm¢nls
Pay9

CTU COMMUNITY PROJECT
STATEMENT OF FINANCIAL POSITION
AT 31 MARCH 2025
2025
2024
Notes
CURRENT ASSETS
Debtors
Cash at bank
10
4.043
516,112
13,930
413.661
520,155
427,591
CREDITORS
Amounts falling due wthin enè year
1172,8101
1173.5011
NET CURRENT ASSETS
254.090
TOTAL ASSETS LESS CURRENT LIA81LITIES
347,345
254.090
NET ASSETS
254.09)
FUNDS
Unreslricled funds
Restricted fuThYs
13
332.321
239.C66
15024
TOTAL FUNDS
254.090
The charitable company 15 entioed lo exemption frorn audrt undar Sath'on 477 of the CcKnpanies Act 2c￿l lor th¢ year
ended 31 March 2025.
The rnembers have not ￿qUired thè company to obtain an audit ol rts finanaal st8t8ments for the year ended
31 March 2025 in aceordaneè wrth Sedion 476 of Ihe Crynpanies Act 20Cfj.
Thtr irust•es athnowledge their responsibilrties for
ensuring that the charitable company koops acc¢)untyng records that comply with Sections 386 and 387 of the
Companies Act 2006 and
prepanng finanaal 5tatemÈnts ¥¥hith give a t￿￿ and lair view of the statè of affairs of the charrtable company as
at tha and of each financial year and ol its surplus or dÈfi¢it for each financial year in accordance Mrith Ihe
requirements of Sections 394 and 395 and which otherwise cornply with the requirements of tho Companies Act
2006 relating to financial statements. so far as applicable to the tharitable company.
These financial statemènts have l￿en prepared in accordan￿ ￿th thè special provisions of Part 15 01 the Compani¢$
Act 2006 relabng to ¢haritsble small companies.
The fin8wal st8temenls were app¥oved by the Board of Trustees on .
behalf by.
0511112025
. and were si9n&Y on its
S W B PIIkeath￿y-TruStet
The nolas forrn part of these financial statemenls
Page 10

CTU COMMUNITY PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOLINTING POLICIES
Basis of preparlng thè financial •tstements
These financial statements have been ￿pared In accordance with the Financial Reporting Standard 102 "The
Financial RÈporting Standard applicabl& In the UK and Republr of Ireland" thè Companies Act 2006. and Iho
raquirernents of the Staternent ol Recognised Practic6. Accounting and Reporting by Chantres leffethve 1
January 20151. The financial ststements have been p￿pared under the historical cost conventson.
The finanual ststements a￿ presented In st¢rfiro l£} which i8 also the functional currewy for the charity.
Golng concem
Trusteès are confident that the charitiès finanoal fesoufces are sufficient to meots it5 liability'es for 12 months
from authorising these financial statements and the bu¢*et income and eX￿ndit￿re remains Sufficient wth the
level of reserves for th• charrty to conts'nue as a going concern. Th6 financial slalements have t￿rèfOre been
epared on a going ¢oncem basis
Judg•mtnts and 8ource8 of •sUmatlon un¢grtainty
The preparation of financial statèm8nts requires management to make jud9ernents. estimates and os$umpb'ons
about the carrying valuas of assets and liabilities l*)at are not readily apparent from other sourt8s. The estimates
and underfying assurnptions a￿ base¢J on histoncal experience and other factor5 th8t aro consid6red to b&
r•l•vant. Actual results may differ from thèsè aSiimale$.
The esty'mates ar￿ underlyin9 assumptions are revMved ¢n a cxjnlinuiry basis. Revisions to a¢o)unting
ests"mates arè rècognised in the period In which the estimate 1$ revised il rewsion affects only that period, or in
the period tsl Ihe revision and future p6riods if the revision affects both cu￿nI and future periods
Legal status
The chanty Is a company lirnited by guarantee and has no share capital.
Public Benefit
The charitable company meets th• definition of a public benefit •ntity under FRS 102
Income
All Incoming resources are included In tho Statèmant of Financial Actrvrties ISOFAI when the charity Is leg811y
anbuad to the income after any conditlgns have been met. the amount can be rneasured reliably and it is
probable that the incom• will b8 re￿iVed
Income frun charitable activit￿$ includes bKI incomè, tncome generated from pop up shop$ and rental incomè
from sub-latbng ofthe property held primarily for funcbonal use by the chanty.
Ir¢cKne frorn trading ￿t￿ltieS includes inccme earned from fundiaising events held in the yeAr, and Mnsultsncy
Expendlture
All expendilure is account8d for on an accruals basis and has been classifi41 under headings that aggregate all
costs related to the category. Expenditure Is ￿COgnised wherè thère is a legal or Constructs￿ obligation to make
payments to third part185, It is probable Ihal the settlement will be required and the amount of tha obligatson can
be measuwd reliably It is categorised undei the following hea(Jings".
Costs of raising ftjnds includes costs of generating voluntary incomè. fundraising events and fvndraisino trading
Expenditure on charitable activi￿e$ includes costs incurrèd by the charity in the delivery of its activrties and
services for its beneficiarie8 It includes both costs allocated dire¢fjy to such activitses and those costs of an
indirect nature necessary to support th&m.
Stsff costs are allocated botsvsen cost headirwJs according to the fun¢b"tsn of each employee.
Paga 11

CTU COMMUNITY PROJECT
NOTES TO THE FINANCIAL STATEMENTS . CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES - contlnu¢d
Taxation
The chantable company is considered to P8SS the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and
therefore it Meets the d&finibon of a Charitab￿ company for UK corporation tax purposes Ae¢ordingly, the
tharity is potentially exempt from trxat￿on in respect of Income or capital gains received within categoriès
covered by Chapter 3 Part 11 corporab.on Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act
1992. t¢> the extent that such income or gains are applied exdusivety to tharitable purposes.
Fund ac¢ountlng
un￿strICt•d funds c8n be used in accordance with Ihe charitatik obiectivès at the discretion ol the truslees.
Restricted fvrds can only be used for particular restrictéd puip05es within the objects of the charity. Reslnc*"o
arise when specified by the donor or when funds are raised for particular restricted purpo¥e3
Further explanatIc￿ of tho natUTtr 4nd purpose ol each fund is inejuded in the notes to the finanu81 ststernents.
Debto
Other débtor5 a￿ rewgnLsed at the settlement amount due. Prepayments are valued at the amount prepaid.
Accrued income is Measur￿ at the amount due to be received.
Cash at bank and in hand
Cash at bank and in hard includes cash and short term highty Ik]uid Investmènts with a short maturity of three
mtsnths or less from the date of acqui5rtion or gpeniro of th• ¢Jeposrt or sirnilar account.
Creditors and provlsions
Creditors are recognised where the charty has a present coligation r•sU￿.n9 from a past event that wll probatAy
resutt In the transfer of funds to a third party and the amount ¢Jue to settle the oblBJalion can bè rneasured or
eSt￿Mated reliatily.
Other creditors and accw81s are ￿CognIs•d at their sètugment arnount due.
Financial in•trurnents
Thè charity only has frnancial 8ssetS 8nd financial liabilitses ol a kind that qualify as basic Iinaneial instruments.
Basic financial Instrumènts are initially recognise(l at tran5acb.on value and subsequèntly rne8su￿d at their
settlement value with the exception of bank loans which are subseouenlly me8suréd at arnortised ctsst U51rYJ the
effective Interest rate
INCOME FROhl CHARITABLE ACTIVITIES
2026
2024
Actmty
Collective fixed desk servic&
incrffie
The Collective Project
368 215
287.295
368215
287.295
INVESTMENT INCOME
2026
2024
Deposit &count interest
Page 12

CTU COMMUNITY PROJECT
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2015
CHARITABLE ACTIVITIES COSTS
Support
¢o$ts
1890 nots 51
Dlr•¢t co8ts
T4)ts1•
Thg Collgdive Progct
Total 2024
441,894
33,256
474.950
SUPP¢XT COSTS
2025
Th•
Coll•etlv•
Prol•¢t Totsi activitie¥
2024
T•lephoM ar￿ IT
Prfnfjng. Postsp and statii)nèry
sund1￿9
Oth*r Stsff co8ts
Professional f¥•$
Rafreshmant and m¥et*rfj expenseB
Bank tharg0s
Tax
Legal fees
Event costs
G•vom•n¢• ¢08ts
Independent examination
Other Accountsncy SeNIco$
1,378
221
10,112
461
1,652
2,864
1.197
95
9.916
216
16,666
2.077
304
11,2001
13
3,250
3,150
835
33.256
NET I￿om￿ExPEND1TUREj
Net 1ncomell8x￿ndIlurtrI 1$ ststed after chargi@Icredrtit)g1'.
2026
2024
IndeFendent examln*"on
Pag¥ 13

CTU COMMUNITY PROJECT
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENoe0 31 MARCH 2025
TRUSTEES. REMUNERATION AND BENEFITS
Thère wère no trustees. remuneration or other benefits for the year ènd$d 31 Mar¢h 2025 nor lor year ended
31 March 2024
Tru8tè05' expens8•
Thtrre wbie no tru$tees' expense5 paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
STAFF COSTS
2025
2024
Total staff ernoluments for the year worè as follows
S818ry Costs
National insuran
26.960
36,458
3.778
29.536
4LI,234
TIE averaje number ol peop￿, exdu¢Jing trustaès, èMF1o￿d by the company during the year amounted
to 112024.. 11
No employees had ernployee benefits in excess of £60,00012024.' nil)
The key management of the Chantab￿ company comprise the Trustees12024.. Trustees only). The Tru$tees do
not receive any remuneration for this role
COMPARATNES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . 2024
UnrgstrF¢t•d
fund
R•strlet•d Tolal funds
fund
INCOME AND ENDOWMENTS FROM
Cha￿table actSvltles
The Collèdive Projact
Investmènt ineorne
other income
287.295
5.111
287,295
5.111
Total
292,4Cfj
292,405
expENOITURE ON
¢harStabl• a¢tivitioS
The Collective ProJ8Ct
464.974
9.976
474,950
Total
464.974
9.976
474.950
NET IN¢OM&iexpENDITURE}
1172.S681
19.9761
1182.5441
RECONCILIATION OF FUNDS
Total fund8 brought fO￿ard
411.634
25.0(M)
436.634
TOTAL FUNDS CARRIED FORWARD
239.r
15.024
254.09)
Pa￿ 14

CTU COMMUNITY PROJECT
NOTES TO THE FINANCIAL STATÈMENTS . CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
10.
OEBTORS: AMOUNTS FALLING DUE IMTHIN ONE YEAR
2025
2024
Tr&Je debtors
Otherdebtors
3,732
13.930
13.930
11.
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Trade creditOfS
Amounts ow•d to group und¢rtakirys
Other crgdltors
Axruals and deferred income
103,812
63.440
114.639
54.138
4,562
172B10
173.$01
12.
ANALYSIS OF NET ASSETS BETWEEN FUNOS
2025
Total
funds
2024
Totsl
fvnds
Unr••trlct•d
fund
R￿lrtthd
fund
Curr•nt assets
Curr¢nt lia&1￿￿3
1505,131
172810
16.024
1520,156
172 8101
427.591
1735011
332 321
254.090
MOVEMENT IN FUND8
N•t
m*)v•m•nt In
fund•
At 114124
At 3113126
Unr••trfct•d fund•
General fund
239.¢X86
93,250
332.321
R••trt¢t•¢l fund•
C3
15,024
16.024
TOTAL FUNDS
347.345
Pag• 15

CTU COMMUNITY PROJECT
NOTES TO THE FINANCIAL STATEMENTS . CONTINUED
FOR THE YEAR ENDEO 31 MARCH 2025
13.
MOVEMENT IN FUNDS • conllnu•d
Net mov•m*nt in funds. included in th8 abm are as follows..
Ineomlng
r••our¢•8
R••our¢•• IAov•m•nt In
0x￿nd•d
fund•
Unr¢¥tri¢t•d fund•
General lund
371.807
1278,552)
93,256
TOTAL UNRESTRICTED FUNDS
278.$62}
Incomlng
oure•8
R•sour¢•$ Mov•rnent In
•xp•nd•d
lund•
R•8trlet•d fund•
C3
TOTAL RESTRICTED FUNDS
Comparntlv•• for mov•m•nt In funtl•
N•t
mov•m•nt In
fund•
Al 114123
At 3113124
Unr•$trlet•d Fund•
Gen¥r•l fund
Re•trf¢t•d Fund•
C3
411,634
1172.5681
239,Ce6
25,OC(s
19,976}
15,024
TOTAL FUNDS
436,634
254,ogo
cornparats.ve n8t mov•m•nl in lunds. included in tho abo￿ are as follows..
Incomlng
r••ourc••
RM¢ur¢M Mtsvernent in
•xp•ndod
funds
Unrn¥trl¢t•d lund•
G•Mral fiJn¢J
292.4C
464,9741
172.&881
TOTAL FUNOS
292,4Cfj
464,9741
Incomlng
I￿oUr¢
RMoure•• Movom•nt In
•xp•ndod
ftinds
R••trlct•d fund•
C3
TOTAL ResTRICTED FUNDS

CTU COMMUNITY PROJECT
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
13.
MOVEMENT IN FUNDS • contlnued
Ro•trict•d fund•
C3 is CTU CP$ long-tenn arnbition to $8cur• a wrm8nent Collective Space. on¢horing an Inv¢strnent that
capturns uplift and ¢ontinues to produc• soual outputs indèfinitety.
14.
RELATED PARTY DISCLOSURES
IndudÉd in ¢rndators is a balance of £103,812 12024.. £114,6391. represenlng salary costs of £88.S1012024".
£94,277} plus VAT due to Camden Town C•nlr• knmited, a company ¥tho * th• sol& m$mber ofthe chanty. This
bala￿ has béen pard po$1 ye•rend.